思源电气(002028) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥2,657,548,485.89, representing a 22.36% increase compared to ¥2,171,977,395.78 in the same period last year[3] - Net profit attributable to shareholders was ¥363,269,779.12, a significant increase of 66.32% from ¥218,414,345.95 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥340,905,855.81, up 86.96% from ¥182,338,992.94 in the previous year[3] - The basic earnings per share increased to ¥0.47, reflecting a growth of 67.86% compared to ¥0.28 in the same period last year[3] - The net profit for Q1 2024 was CNY 413,178,896.07, compared to CNY 250,196,043.79 in Q1 2023, reflecting a growth of 64.9%[18] - The net profit for the first quarter of 2024 was CNY 361,523,625.30, an increase of 57% compared to CNY 230,091,560.42 in the same period last year[19] - The total comprehensive income attributable to the parent company was CNY 365,421,455.72, compared to CNY 216,813,877.70 in the previous year[19] Cash Flow and Investments - The net cash flow from operating activities improved to -¥109,569,843.69, a 72.63% reduction in losses compared to -¥400,352,423.62 in the previous year[3] - The total cash inflow from financing activities surged by 828.15% to ¥38,547,531.00, primarily due to a loan of ¥36,000,000 from a subsidiary[8] - The cash flow from investment activities showed a net outflow of -¥1,108,030,976.86, a decrease of 253.18% compared to -¥313,732,044.02 in the previous year[8] - The total cash outflow from investment activities increased by 89.84% to ¥3,265,962,840.98, driven by higher payments for fixed assets and other long-term assets[8] - The company experienced a cash outflow from investment activities of CNY 3,265,962,840.98, up from CNY 1,720,367,536.09 year-over-year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,493,250,699.97, a decrease of 1.28% from ¥18,733,339,007.00 at the end of the previous year[3] - The total liabilities decreased to CNY 7,430,199,346.80 from CNY 8,067,429,921.55, a reduction of 7.9%[17] - The company's inventory increased to CNY 3,046,693,715.02 from CNY 2,860,764,626.97, an increase of 6.5%[16] - The company's retained earnings increased to CNY 9,499,132,012.61 from CNY 9,057,289,269.57, an increase of 4.9%[17] Shareholder Information - Shareholders' equity attributable to the parent company increased by 3.84% to ¥10,783,127,363.02 from ¥10,384,238,941.48 at the end of the previous year[3] - The top shareholder, Dong Zengping, holds 16.98% of the shares, with a total of 131,444,820 shares[10] Research and Development - Research and development expenses increased by 30.77% to ¥213,511,490.57, up from ¥163,275,614.05, reflecting a continued focus on R&D and new product development[8] - Research and development expenses for Q1 2024 were CNY 213,511,490.57, compared to CNY 163,275,614.05 in Q1 2023, marking a rise of 30.7%[18] Other Financial Metrics - The company reported non-recurring gains totaling ¥22,363,923.31, primarily from government subsidies and foreign exchange forward contracts[4] - The company reported a significant decrease in financial expenses by 62.79%, amounting to ¥6,278,185.37, due to increased interest income and currency exchange effects[8] - The company's management expenses rose by 40.67% to ¥79,310,638.99, mainly due to increased personnel costs and option expenses[8] Construction and Development - The company is investing in the construction of a medium-voltage switchgear production base, with construction in progress increasing by 90.81% to ¥202,979,477.23[7] Audit Status - The first quarter report was not audited[22] Product Development - The company did not report any new product launches or technological advancements during this quarter[23]